Globalization and SMEs: Introduction and Conclusion

Kaushalesh Lal

Chapter 1 in Information and Communication Technologies in the Context of Globalization, 2007, pp 1-15 from Palgrave Macmillan

Abstract: Abstract Industry is the engine of growth and one of the necessary conditions required to perform this role successfully include technological progress. For a long time several countries, particularly the developing ones, have struggled to determine appropriate technology and innovations, which promise high pay-offs. The advent of Information and Communication Technologies (ICTs) in this context has come as a technological revolution, which has enabled even some of the developing countries like India to make their presence felt in the world economy. It allows a reduction in coordination costs and leads to efficient electronic markets. Significant returns on ICT investments are found both in developing and developed countries. These benefits range from employment, to productivity gains, consumer surplus, and improvement in product quality.

Keywords: Flexible Manufacture System; Sample Firm; Total Factor Productivity Growth; Foreign Partner; Southern African Development Community (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59787-7_1

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DOI: 10.1057/9780230597877_1

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